Cryptocurrency exchange OKEx has launched bitcoin (EXANTE: Bitcoin) options for all users. Previously, the tool was available only to selected customers who received a special invitation.
According to OKEx, to reduce risks, it allocated 150 BTC in favor of the BTC/USD options insurance fund. The OKEx Options platform uses an enhanced anti-manipulation mechanism based on the Black-Scholes pricing model.
This model implies that if the underlying asset is traded on the market, then the option price on it is implicitly set by the market itself.
In the future, the exchange plans to launch portfolio margin products to increase the efficiency of working with the asset.
Earlier iHodl reported that OKEx launched a closed bitcoin option trades after the successful end of the trading period in simulation mode.
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